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Spark Energy Minerals Inc.'s Non-Brokered Private Placement.Spark Energy Minerals Inc (CSE- CSE:EMIN ) recently concluded a non-brokered private placement, raising gross proceeds of $315,500.05 through the issuance of 4,206,668 units at a price of $0.075 per unit. These units include common shares and warrants, with each warrant exercisable at $0.125 and entitling holders to subscribe for additional common shares within a two-year period from the closing date, with the potential for acceleration under certain trading conditions. The company also announced finder's fees paid to a qualified finder. The net proceeds from the offering are slated for general working capital and advancement of the company's Brazilian claims, indicating a strategic focus on the development of mining assets in Brazil alongside its Canadian interests. The company entered into an agreement with Lithium Plus Mining Corp. concerning the acquisition of a 65% interest in certain mining claims in Brazil. Amendments to the initial agreement were made, resulting in revised payment schedules and exploration work program requirements. Lithium Plus is now obligated to make financial contributions, conduct exploration work, and meet spending thresholds by specified deadlines. These adjusted terms aim to enhance the capital utilization of Lithium Plus, enabling more effective short-term development of the Spark Property, ultimately striving to bolster the property's value and the company's overall interests in the Brazilian mining sector.
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by dasranc777
CNQ - Time for some profit taking?CNQ - Canadian Natural Resources looks to be forming a classic Wyckoff Distribution pattern after this massive run up. I think it is time for some profit taking. A mild winter could produce a weak earnings report in February as demand for oil/gas is down. Natural gas prices remain down and I believe oil has room to reset. Pair these factors with CNQ at or near all time highs and it could be a good recipe for some coming downward momentum. Not Financial advice. Manage your own risk.
TSX:CNQShort
by Scottjk66
Prospera Energy Inc. (TSXV: PEI): A Remarkable TurnaroundThough still flying under the radar for many investors, Prospera Energy Inc. is proving to be a rising star in the oil and gas industry. The restructured company is making waves with its strategic approach to oil production and significant achievements under the leadership team. With a current market capitalization of $38 million and 2022 year-end reserve value of $72 million, Prospera is focusing on optimizing production and expanding its portfolio which positions the company as a promising player in the Canadian oil and gas market. With a dynamic leadership team at the helm, successful optimization initiatives and a strategic development plan, the company is well-positioned for future growth. As management continues to expand operations, optimize production, and diversify the company‘s portfolio, Prospera is expected to soon become a recognized force in the Canadian oil and gas sector. Prospera focuses on properties in Saskatchewan heavy-oil (13-17 API) and Alberta medium-light oil (24+ API) holding an estimated 400 million barrels of untapped oil with roughly 9% recovered. Samuel David, who became CEO in 2021, has implemented a successful restructuring plan, reducing production costs from $68 to as low as $34 per barrel of oil equivalent (boe) and increasing the Net Present Value (NPV) of its properties to $72 million (from -$3.4 million prior to restructuring). The company conducted a horizontal well program, and medium-light oil development in 2023. As a result, Prospera exceeded 2023 year-end production target of 1,800 barrel of oil equivalent per day (boepd) with the capability of 2,200 boepd. Prospera emerges as a promising investment opportunity in the oil and gas sector, combining strategic planning, technological innovation, and a commitment to growth. With a well-funded development plan and a focus on optimizing production, the company is strategically positioned to capitalize on the increasing global demand for energy.
TSXV:PEILong
by RockstoneResearch
GLXY GALAXY DIGITAL HOLDINGS EW COUNTGLXY showing weak rally off the lows with BTC.D flexing its muscle and sucking the market cap out of alts to push higher. However, another alt pump may be approaching (or may have started). GLXY under $5.00 is good area to start accumulating (depending on your outlook on markets), under $4.00 is even better. Currently, favoring the count as wave (5) of ((3)) already ended and start of corrective ABC in progress with current pullback as a wave (ii) of the ABC. THIS can be wrong, and investors/traders should always take into considering the trade/markets can go against them. I do favor another leg higher before we retest the lows or even resume lower, with final target in that $12.00-$13.00 area (0.236 fib retracement, which should normally start at the beginning of wave 1, but with the small difference between the high and wave 2, I'd rather be modest and use a lower target approach as the wave 2 can also just be a wave B). Can compare previous 'lows' or local bottoms and see how GLXY moves at the lows. Can see the bear trap setup before pushing higher. I believe downside is limited here even if it breaks below current low (importance of DCA, risk management and stop loss).
TSX:GLXY
by CryptoHolix
Green Thumb: Over the hurdle 🚧The price of Green Thumb continued to work on establishing itself above the resistance at C$16.15 last week. Although it briefly fell back to the mark, it quickly reacted and turned upwards again. We expect the magenta-colored wave (iii), which the share is currently working on, to extend a good deal further upwards. This should be followed by a countermovement, which, however, is likely to be replaced by renewed gains at a considerable distance from the mark, which should lead to the high of turquoise wave 1.
CSE:GTIILong
by MarketIntel
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